Which credit card issuers are misbehaving – and how much bailout money they’ve gotten
The Wall Street Journal published this article (subscription required) about the lending behavior of banks getting bailout money. Their abusive practices are fortunately coming under increased scrutiny. The WSJ provides the following helpful chart:
The banks getting bailed out by the government should be required to make responsible loans. Otherwise, as Elizabeth Warren puts it to the WSJ, regular people are paying for banks’ mistakes twice: first as taxpayers, then as consumers paying ridiculous fees and interest rates for loans.
Has your credit card rate gone up? Have you seen an increase in fees or behavior designed to trick you? We know many AFFIL members have experienced rate hikes. If you’re in the same boat, let us know in the comments, or send an email to email@example.com.